Elliott Wittstruck | REI

@mountain_mal @NanoBanana If we could set a scale and then do measurements and takeoffs for construction, I’d love this so much more than I already do!!

a bunch of you said this would be huge for real estate 🏡 so i pushed it further: virtual staging just went 3d 👀 the flow: 1. capture 16 ultra-wide photos 2. stitch into a 360° equirectangular panorama 3. feed that into @NanoBanana with a staging prompt → generate a newly staged 360° image 4. reconstruct that into a fully navigable 3d world using @theworldlabs you’re not just staging photos anymore - you’re staging space i’m starting to think 360° panoramas might just be the bridge between 2d and 3d worlds edit the pano. edit the world.

@heIpfullandlord Hispanic family, don’t like debt so they offered to pay it off as fast as possible. 10 years, 10%, 25% down. We’re 3 years in, no missed or late payments. I talked to them last week. When they pay this house off, they want to finance some land with me.

@elstruck Amazing. What were the terms on the note? Balloon?

How long has your average tenant stayed at your rentals?

@Technovangelist Dude, love all of your vids! Can’t wait to watch this one!

🚀 Just dropped a new video on Ollama's structured outputs! If you're tired of wrestling with inconsistent AI responses, this is for you. Watch here: youtu.be/ljQ0i-F34a4

East Asian cities are co-op, Western cities are PvP.

@matt_gray_ The clarity is awesome! Glad I found this now, struggling with what’s next for me right now. Gonna start implementing

The single most powerful habit for personal and business growth: Monthly Personal Board Meetings. This system has helped me scale from 0 to $1,100,000 monthly recurring revenue within 2 years. Here’s how it works:

@shawngorham Tile, all day long! Longer lasting and easier to allow pets and clean up after move out. I’ve always heard of a sec8 landlord putting drains in the middle of each room to just spray it all with water after move outs 🤣

Class B- apartments Slab on Grade You going LVP or Tile? Price difference is real - prob $4 a foot diff. Tile will last way longer

@collin_ruth89 I’m 33 and have never had coffee. I had a redbull in college and it kept me up for two days and I figured I shouldn’t have caffeine, haha!!

Am I the only person in the world not addicted to coffee / caffeine. I don't get it... It tastes TERRIBLE. And after a while, you rely on it just to get back to ~normal~. Sleep disturbance, withdrawal symptoms, digestive issues, no thank you. Why waste your money?

@shawngorham I’ve borrowed 100%, sometimes 100%+rehab. I’ve lent out 100% several times.

Hard Money Borrowers (and lenders) Have you ever borrowed/loaned 100% of your the purchase price? Regardless of the presumed equity in the deal I have never borrowed 100% - even when I’m buying at 50% of appraisal Curious if im missing an opportunity here

@realGeorgeHotz @comma_ai I drive a Ford F250 for work. We’re looking at vehicles that comma supports for when I no longer have to drive the truck! I’ve been eagerly waiting for years!!!!

@LoganARobison @AccountantMurph @JennTendero I own a home remodeling business. Switching from hourly to piece-work. All employees W2. They ran the clock, whether intentional or not, I lost money. Promoting more people up to project manager to have more accountability and quality control while we switch to piece-work pay

@AccountantMurph @JennTendero Ever had any issues where they burn time and stuff still isn't done? Also how do you maintain margin? Do you give them a max that they can bill? For example, if I quote the customer $200 but the cleaner takes 8 hours, my margin is shot

Dear cleaning bros (and @JennTendero) Let's have an honest discussion about cleaner pay and incentives. While I think paying 50% of the total job is fine in theory, I'm no longer convinced this is the best path. It's great at the beginning, but eventually, I think *some* use it as a way to skip steps and just get the job done quickly since they are not paid by the hour. I'm toying around with the idea of withholding 10% of the job pay until we are able to verify that everything was done properly (quality control check or receive confirmation from the owner that they are satisfied). If we don't hear anything back, if the QC went well, or if we aren't able to get to the QC, then they get the full amount. But if we have to fix stuff that was specified on the list or otherwise should have been done, the full pay isn't an option. Any thoughts on that before I implement or other incentive structures that work?

@heIpfullandlord Same to you!!! Enjoy the vacay

Wishing you a healthy and wealthy year! I hope it’s off to a great start.

@STLChrisH We’re about to do this and I’m expecting to loose employees for sure. It’s tough but sometimes necessary to restructure.

I used to believe "titles are cheap." In fact, they were "free" on the day I gave them out. But the costs of over-titling can be significant. At scale, try removing titles and resetting them to align with responsibility. The cost? Disengagement and turnover. Am I off here?

@ianncushing I absolutely love it.

I’m convinced people don’t actually like sparkling water Am I wrong? I hate it so much

@STLChrisH Wow that’s awesome and motivation to get our compensation plan better! 💪

2024 skilled plumber compensation: $55 per hour ($77.50 / hr overtime) 100% company paid health insurance ($18,000 per year family coverage) 8% 401k match 20 PTO days 9 paid holidays Cell phone reimbursement Company service van Company provided tools and training

@heIpfullandlord That’s awesome! You must be excited about this one for some reason?

For the first time in my life, I'm packed for a trip MULTIPLE DAYS before we leave.

@sweatystartup Sent it to a competitor in the region. They seem interested 👍🏼

ATTENTION BUSINESS BUYERS: My brokerage has its first 8 figure listing. We have a concrete business for sale in the South Central USA. List price: $39 million. $32.3 million in revenue. $9.74 million in EBITDA. Notes: Operating partner willing to stay on and retain an equity stake. Get access to the package here: nickhuber.com/listing/concre…

@JCacciapaglia It’s unfortunate but exactly what happens to our flips. We do the big stuff but little cosmetic and it sits. Agents don’t educate the potential buyers of the value. They’d rather have the cute houses. So we changed our strategy, unfortunately :-/

Visited a flip where the flipper replaced the roof, foundation, HVAC, water heater, and electrical. They did minimal cosmetic updates. This home has sat on the market for quite some time, despite very practical renovations. Do buyers deserve the lipstick on pigs they buy?🤷‍♂️

@drew584 @STLChrisH 10 years and I bet you’re planning for 30! Very nice. We do small remodels and handyman work.

@elstruck @STLChrisH 10 years plus. That’s good progress. What kind of work are y’all doing. Remodel or new construction?

Two questions for biz owners: 1. What industry are you in? 2. What is your 2024 budgeted organic growth rate? This will be an interesting view of SMB bullishness on 2024 outlook I'll go first...

@drew584 @STLChrisH Yep I understand that for sure! How long have you been operating? We just finished our 4th year. $180k to $450k to $700k to $1M this year.

@elstruck @STLChrisH Slow and steady. 40% growth is really too fast. We are quality driven on the upper end of our market. One misstep can cost years worth of leads and cause me to have to replace 100k worth of flooring or something else.